Level Four Advisory Services LLC Has $458,000 Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Level Four Advisory Services LLC lowered its position in shares of Weatherford International plc (NASDAQ:WFRD) by 55.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,680 shares of the company’s stock after selling 5,864 shares during the quarter. Level Four Advisory Services LLC’s holdings in Weatherford International were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WFRD. McGlone Suttner Wealth Management Inc. acquired a new position in Weatherford International during the fourth quarter valued at approximately $27,000. Quadrant Capital Group LLC boosted its holdings in shares of Weatherford International by 539.1% in the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after buying an additional 248 shares during the last quarter. Huntington National Bank bought a new position in shares of Weatherford International in the third quarter valued at $30,000. CWM LLC increased its holdings in Weatherford International by 145.7% during the fourth quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after buying an additional 185 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Weatherford International during the third quarter worth $37,000. 97.23% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Charles M. Sledge sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the sale, the director now directly owns 32,729 shares of the company’s stock, valued at $4,041,049.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Weatherford International Price Performance

Shares of Weatherford International stock opened at $123.65 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.71. Weatherford International plc has a twelve month low of $55.81 and a twelve month high of $129.70. The company has a 50-day simple moving average of $119.92 and a two-hundred day simple moving average of $104.34.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts forecast that Weatherford International plc will post 6.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays upped their price objective on Weatherford International from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Evercore ISI raised their price target on Weatherford International from $130.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America upped their price objective on shares of Weatherford International from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. TheStreet upgraded shares of Weatherford International from a “c” rating to a “b” rating in a research note on Monday, March 11th. Finally, Piper Sandler upped their price target on shares of Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $146.11.

Weatherford International Company Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.